Reading Time: < 1 minute Xinhua Finance Media Limited (XFML) did not turn out to be another Home Inns or New Oriental, at its IPO debut last Friday. Besides the difference of market sentiment then and now, I think the fundamental reason lies within the company and the business itself. First Xinhua Finance is in the media and advertising business. Note media industry is
Reading Time: < 1 minute These days we can see many realtors along the Shanghai streets. The business must be good at least on rental side. I see more than 6 brokers on this 100 meters long Chang Ning Road, some even with US name (Coldwell Banker).
Reading Time: < 1 minute Well, Xinhua Finance Media Limited XFML IPO nearly broke my heart, kind as I expected. The good thing is WR Hambrecht only allocated me 100 shares, out of 200 shares I indicated to buy. On a positive note, Mindray reported a good quarter and a good year. Here is the results. Going forward they expect
Reading Time: < 1 minute Mutual fund is a hot commodity in China these days, as the domestic stock market became really hot in last year. While the mutual fund industry is still in its early stage, I found this Harvest Fund to be impressive. I watched an interview of its manager, Mr. Zhao Xue Jun, at CBN (No. 1 Cai
Reading Time: 2 minutes To a large extent, the Chinese economy growth in recent years is attributed to the growth in the real estate market. Ten years ago, when I left Shanghai for graduate study in US, I remember most people still live in the apartment assigned by their “Danwei”.
Reading Time: 2 minutes There are lots of discussions about living cost in Shanghai, such as this one from Wang Jianshuo. I am not going to do a comprehensive study here, but I want to share my findings after spending one week in Shanghai. I rent a one bedroom apartment near Zhongshan park, it cost me CNY 2,300. Because I stay for short term,
Reading Time: < 1 minute Chinese like the number NINE. This is the office building I work these days, the Chinese name is Long Zhi Meng (dream of dragon). The office building is attached to the shopping mall, which has food, coffee, fitness, department stores and Carrefour, the super market. So essentially once you are in the building, you can spend
Reading Time: < 1 minute I mean the stock for the short term, not the hotel. They reported the Q4 2006 and full year results today. Here is the result. It’s good number, but again the current stock price is way ahead of curve. Going forward they are “going to beep up franchise hotels in Beijing and China”, translated in
Reading Time: < 1 minute As an old saying goes (I hope mine could worth 100 words). I took this one at Beijing Airport. Did you notice the “retiring room”?
Reading Time: < 1 minute Heard about this Kai’en English from a colleague, they offer spoken English, Youth English, Business English, test preparation, etc. Why English training is so hot? According to the S1 prospectus of Xinhua Finance Media, page 108 (under Radio section), “the average wages of Chinese employees with advanced and intermediate levels of English are 72.5% and 24.3%
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